Jasper County Democrat, Volume 4, Number 40, Rensselaer, Jasper County, 11 January 1902 — Waiters Who Speculate. [ARTICLE]

Waiters Who Speculate.

Stories of the successful speculation of waiters In popular resorts on “tips” received from the patrons are often true; but there is the other side—that of losses. Said Philippe at Delmonico’s: “If one of our waiters constantly speculates on ‘tips’ loss and failure are certain to come sooner or later. As In the case of Beau Brummel’s neckties, one never hears of the unsuccessful, and their losses. It generally happens that a waiter Is successful at first. If he puts the money he makes into real estate he prospers; but let him continue to speculate and he generally loses his all. I have had some good winnings, but prefer investment in real estate. “Stock speculation really distracts a waiter,” continued the Philippe, according to the New York Times, “and he cannot properly attend to business. As soon as we find a waiter getting too engrossed in speculation we- discharge him, as he cannot keep away from the ticker, and confuses his orders. One poor fellow nearly went crazy here last winter In consequence of his stock speculations. He would forget his orders and call for ‘one Western Union,’ when he should have said ‘one steak underdone,’ and so on, until we had to discharge him. I do not know what has become of him, but expect to hear he has landed in the insane asylum.”